As widely predicted, Yamaha have officially announced they are parting ways with Jorge Lorenzo at the end of 2016. Though the press release speaks of "new racing challenges", the press release from Ducati announcing Lorenzo will be racing for them from next year should arrive within the hour.
The Yamaha press release appears below:
YAMAHA AND JORGE LORENZO GO SEPARATE WAYS AT THE END OF 2016
Gerno di Lesmo (Italy), 18th April 2016
Yamaha Motor Co., Ltd. announces that its partnership with Jorge Lorenzo will be discontinued at the close of the 2016 MotoGP season, when Lorenzo will move on to new racing challenges.
Since Lorenzo joined the Yamaha Factory Racing Team in 2008, Lorenzo and Yamaha won three MotoGP World Championships (2010, 2012 and 2015), clinched 41 race wins and have been on the podium 99 times out of 141 races contested.
Yamaha is extremely grateful for Jorge's contributions to its racing successes and looks forward to sharing more memorable moments during the remaining 15 MotoGP rounds of 2016, their ninth season together.
Yamaha Motor Co., Ltd. wishes Lorenzo the very best in his future racing endeavours and reconfirms the Movistar Yamaha MotoGP team‘s full support on his campaign to achieve his fourth MotoGP title.
Having already reconfirmed Valentino Rossi for 2017-18, Yamaha will announce the future Movistar Yamaha MotoGP team riders‘ line-up in due course after securing the services of the second rider.